S&P 500 4 Hour Price Update
Updated September 10, 2020 11:13 AM GMT (07:13 AM EST)
S&P 500 closed the previous 4 hours down 0.29% (10); this denotes the 2nd straight candle it has gone down. Out of the 8 instruments in the 8 major global equity indices asset class, S&P 500 ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.
S&P 500 Daily Price Recap
S&P 500 is up 2.01% (67.12) since the day prior, marking a reversal from the day prior — and the end of a 3 day negative run. Relative to other instruments in the 8 major global equity indices asset class, S&P 500 ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of S&P 500.
S&P 500 Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days S&P 500’s price has gone up 10 them.
Overheard on Twitter
Behold! Here are the top tweets related to S&P 500:
- From smarket:
There is an ETF for every situation. If you are bearish on US equities – there is SPXS. It’s a leveraged ETF that offers 3x returns on the downside.It means if the S&P 500 falls 1%, SPXS is expected to provide investors with a return of 3% on that same day.
- From TheStacksMarket:
$SPX (S&P 500) has not tested its 50 SMA and is 7.6% above its 200 SMA$INDU (Dow Jones Industrial Average) has not tested its 50 SMA and is 4.5% above its 200 SMA$COMPQ (Nasdaq Composite) dipped below its 50 SMA but is still 15.6% above its 200 SMA
- From BuddyCA64525731:
S&P 500 [3,399.06, +2.02%] — today’s Average True Range = 2.68% and the 10d Sma = +1.99%, up from +0.84% 5 days ago — while some traders might not acknowledge that difference as material, it certainly “agitates” many other currently [LONG] assets — watching < SPX 3,274
In terms of news links for S&P 500 here’s one to try:
This means that you weight each member by its stock price….This means that the largest stock and smallest stock by market cap will be given an equal weight.